Obama Donor Mellody Hobson Concedes Corporate Tax Rate Too High

Here’s something you don’t see every day, a donor for President Obama admitting that America’s corporate tax rate is too high.

Mellody Hobson appeared on CBS This Morning on Thursday, August 7 to discuss pharmacy chain Walgreens’ decision to keep its headquarters in the United States. The CBS News contributor opined that even though she agreed with the company’s decision she acknowledged that in America “it's still the highest tax rate of any developed nation.”